KB Financial Group Establishes 3 Billion Won “Win-Win Cooperation Parent Fund” to Support Social Enterprises

Matching with Private Sector Funding... Sub-Fund of 5 Billion Won to Be Formed
Focus on Investing in "Impact Companies"
Supporting Future Competitiveness of Small and Medium-Sized Enterprises

KB Financial Group announced on September 30 that it has established a “win-win cooperation parent fund” in collaboration with the Large, Small and Medium Business and Agricultural and Fishery Cooperation Foundation and Korea Venture Investment Corp. This fund is intended to support the growth of “impact companies” that simultaneously address social issues and create economic value.

This marks the first case since the revision of the Enforcement Decree of the Win-Win Cooperation Act allowing the Win-Win Cooperation Fund for Large and Small Businesses to be used for venture investment. Of the 10 billion won Win-Win Cooperation Fund, 3 billion won is being invested by the Cooperation Foundation, while Korea Venture Investment Corp. will manage the parent fund. By matching additional private sector funding, the parties plan to create a sub-fund with a total size of 5 billion won.

The sub-fund will focus on investing in “impact companies” with innovation and growth potential. By providing capital to highly promising companies, the aim is to boost business competitiveness and create a virtuous cycle in which business growth leads to solving social issues and generating social value.

Meanwhile, KB Financial Group contributed a total of 10 billion won to the Win-Win Cooperation Fund for Large and Small Businesses in June. In addition to the creation of this parent fund, the fund will be used to secure the future competitiveness of local small and medium-sized enterprises and small business owners by supporting artificial intelligence transformation (AX), green transition (GX), and safety transformation (SX).

This content was produced with the assistance of AI translation services.